Extramarital Affair with Female Spy Leads to $470 Billion Loss; Jensen Huang Faces Major Setback

[People News] On Tuesday (November 10), Nvidia's stock price continued to decline. The chip giant has seen its market value shrink by approximately $470 billion over the course of just two trading days. Growing market concerns are linked to the extramarital affair between Nvidia CEO Jensen Huang (Huang Renxun) and a Chinese businesswoman, who has been reported as a spy for the Chinese Communist Party.

Huang Renxun's Affair with Chinese Spy Puts Nvidia in Crisis

The involvement of Huang Renxun in an extramarital affair with a Chinese Communist Party spy has thrown Nvidia into turmoil, raising serious questions about his potential influence on U.S. policies regarding chip sales to China. Nvidia previously enjoyed a robust business presence in China, and there are increasing worries about whether restricted Nvidia chips are making their way into Chinese companies through certain customers.

According to a report by tech media outlet The Information on Tuesday, citing two knowledgeable sources, the relationship between Huang Renxun and the woman Alice Huang (Huang Le) has facilitated the sale of Nvidia chips worth at least $7.5 billion to Chinese firms.

The report indicates that Alice Huang, along with her husband and sister, has established a business network in China and Singapore aimed at acquiring Nvidia's chips.

At the centre of this network is a Chinese company called "Shanghai Century Litong". In 2023, the company attained the status of "Preferred Cloud Partner" with NVIDIA, enabling it to gain priority access to NVIDIA chip products. Reports suggest that when U.S. export restrictions obstructed orders for NVIDIA chips, Huang Le utilised her connections with NVIDIA and its distributors to secure supplies, facilitating the entry of around 240,000 H100, H200, and some A100 chips into China.

These reports have heightened scrutiny regarding NVIDIA's corporate governance, compliance with export controls, and the excessive dependence on Huang's personal leadership; simultaneously, they have increased investor anxiety. Concerns are mounting over whether the significant investments in artificial intelligence infrastructure will generate adequate returns.

After a 4.3% decline in stock price on Monday (resulting in a market value loss of $192 billion), NVIDIA's stock dropped over 6% again on Tuesday. This allowed Microsoft to surpass NVIDIA, becoming the second-highest valued company in the world, marking the first time Microsoft has overtaken NVIDIA since June 2025.

Jensen Huang's exceptional capabilities have made him a target for the Chinese Ministry of State Security.

According to reports from The Dajiyuan, experts indicate that Jensen Huang has always been the most appealing target for the Chinese Ministry of State Security. This month, some media outlets cited sources claiming that U.S. intelligence agencies believe the CEO of chip company NVIDIA has an ambiguous relationship with a Chinese woman, Huang Le, who is suspected of being recruited by the Chinese Ministry of State Security for espionage activities.

Whenever Huang Renxun visits any country or region, he receives a warm welcome from enthusiastic fans. Additionally, he is a favoured guest among leaders from various nations, often invited to the highest residences across multiple countries.

Huang has positioned NVIDIA as a pivotal player in the technological arms race, supplying cutting-edge chips and financial backing to major tech firms, from emerging cloud companies to leading artificial intelligence providers. Over the decades, he has developed a unique ability to forge relationships with global political leaders, helping to elevate NVIDIA into one of the world's most valuable companies and serving as a driving force behind the current surge in artificial intelligence (AI) investments.

Huang Renxun co-founded NVIDIA in 1993, a company known for developing graphics processors capable of handling massive data analysis. He owns 3.6% of the company's shares, making him the largest individual shareholder.

At 63 years old, Huang directly oversees 60 employees. NVIDIA operates under a flat organisational structure. Huang has emphasised that leaders should consistently share the knowledge and information they possess with their teams.

Jim Secreto, a public affairs consultant and former Deputy Chief of Staff at the Department of Commerce during the Biden administration, stated, "Huang Renxun is irreplaceable. He has become an undeniable force in the geopolitical arena of AI."

During his recent trip to Europe, Huang showcased NVIDIA's technology and met with French President Macron and German Chancellor Merz, urging both leaders to avoid imposing cumbersome regulatory frameworks.

In October, U.S. President Trump awarded Huang Renxun and other industry executives the National Medal of Science, recognising their significant contributions to the field.

In September, during a live recording of the "All-In" podcast co-hosted by White House AI advisor David Sacks, Trump called Jensen Huang, who then switched to speakerphone to engage with the audience.

"In many respects, Jensen Huang is the Steve Jobs of Nvidia," stated Daniel Newman, CEO of the technology research and consulting firm Futurum Group. Jobs was the former leader of Apple Inc.

Moreover, Huang has utilised his influence with other industry CEOs to help shape policy. He and Mark Zuckerberg of Meta Platforms both proposed that AI model developers should be held accountable for their products, rather than pushing Congress for new legislation to restrict leading AI companies from training new models and ensuring safety.

One of the companies involved is Nvidia's top client, SpaceX. Jensen Huang and SpaceX CEO Elon Musk have been collaborating for over a decade.

Like other AI companies, SpaceX depends on Nvidia chips worth billions of dollars to operate its models.

Oracle co-founder Larry Ellison reminisced about a dinner he had at the Nobu restaurant in Palo Alto.

I would characterise that dinner as a moment when Elon and I were pleading with Huang Renxun for GPUs," Ellison remarked. "Please accept our money... we need you to take more.

Huang Renxun has even formed close friendships with some of his competitors, including Intel CEO Chen Libu (Lip-Bu Tan). By the end of 2025, following the Trump administration's acquisition of a 10% stake in Intel, Nvidia invested $5 billion in the company to strengthen their partnership.

The CEO of Nvidia frequently visits his birthplace, Taiwan, where the majority of the company's chips are manufactured by TSMC. Huang Renxun's trips are often whirlwind events, with fans eager to take selfies with him and request autographs.

Ryan Fedasiuk, a senior researcher at the American Innovation Fund think tank, noted that Huang Renxun possesses a unique talent for connecting with the world's elite. He described Huang Renxun's skills as exceptionally rare among a sea of tech enthusiasts.

"It is this unmatched ability to engage with politicians and other industry leaders that makes him such an appealing target for Chinese intelligence agencies," Fedasiuk commented.
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